32 2 points 8 03:40:53 TB MC Qu. 04-50 (Algo) Darlington Company experienced the following business... Darlington Company experienced the following business events during its first month of operations. The company uses the perpetual inventory system. 1) The company purchased $13,100 of merchandise on account under terms 2/10, n/30. 2) The company returned $1,800 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $20,000 cash. What is the gross margin that results from these four transactions?

TB MC Qu, 04.50 (Algo) Darlington Company experienced the following business... Darlington Company experienced the followng business events during its fist month of operations. The company uses the perpetual inventory system. 1) The company purchased $13,100 of merchandise on account under terms 20,n/30 27 The company returned 51,800 of merchandise to the suppler before payment was made: 3) The tiability was pald within the discount period A) All of the merchandise purchased was sold for $20,000cash What is the gross margin that results from these four transactions